153 American companies are on this year’s Fortune 500, down from 162 in 2007.
China is represented by 29 companies. China’s three leading oil companies – CNPC, Sinopec and China National Offshore Oil Corp (CNOOC) – as well as the country’s two power grid companies – State Grid and China Southern Power Grid – found place on the list. Four leading China banks – Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China are also featured in the list.
Seven companies from India are listed, mostly in the oil business. The exceptions are Tata Steel, a new entrant by virtue of its purchase of Corus early in the year and State Bank of India. Oil companies listed include Reliance Industries Limited, led by the most affluent Indian resident, Mukesh Ambani. Others are public sector companies: Indian Oil, BPL, HPCL, and ONGC.
